tax planning

Advance tax rules: Who must pay, who is exempt and how quarterly deadlines work

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Individuals with a net tax liability exceeding Rs 10,000 must pay advance tax in four installments, with specific exemptions for resident senior citizens without business ...

Income Tax department doubts Rs 10 lakh gift – brother gets tax notice for cash received from sisters; how he appealed & won the case

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A businessman successfully proved cash gifts from his sisters were legitimate, avoiding tax evasion charges. The Income Tax Appellate Tribunal ruled in his favor, accepting ...

Income Tax department doubts Rs 10 lakh gift – brother gets tax notice for cash received from sisters; how he appealed & won the case

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A businessman successfully proved cash gifts from his sisters were legitimate, avoiding tax evasion charges. The Income Tax Appellate Tribunal ruled in his favor, accepting ...

US tax filing: IRS releases income tax brackets and standard deductions for 2026; here’s what has changed

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The IRS has announced 2026 federal income tax bracket and standard deduction adjustments to combat bracket creep. Key changes include higher thresholds for the top ...

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

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When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these ...

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

Photo of author
When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these ...

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

Photo of author
When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these ...

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

Photo of author
When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these ...

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

Photo of author
When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these ...

Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

Photo of author
When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old and new tax regimes tax these ...
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